BNP Paribas was sentenced to five years probation by a U.S. judge on Friday in connection with a record $8.9bn settlement resolving claims that it violated sanctions against Sudan, Cuba and Iran.
Salsa, music, mojitos, rum, and fun beat through the veins of Cuba.
BNP Paribas pleaded guilty in Manhattan federal court to violating U.S. sanctions after agreeing last week to pay a record $8.97bn to resolve state and federal probes that reached the highest echelons of French and American diplomacy.
JPMorgan unwittingly helped BNP Paribas violate U.S. sanctions as the bank hid billions of dollars in transactions involving Sudan and Cuba, according to court documents and people with knowledge of the matter.
In December 2005, ABN Amro reached an $80m settlement with US regulators over breaking sanctions against Iran, Cuba and Sudan. And for one compliance official at BNP Paribas – where concerns had been raised about the same issues – the cat was now out of the bag.
US authorities will announce early this week that French banking giant BNP Paribas has agreed to pay an $8.9bn fine for allegedly violating sanctions rules, reports suggest.
BNP Paribas, seeking to settle claims it violated U.S. sanctions, is close to an agreement with New York state’s top banking regulator that would curtail some of its dollar-clearing operations for as long as a year, according to a person familiar with the matter.
Brazilian third tier outfit Madureira have created one of the most distinctive kits in footballing history, by incorporating the face of Che Guevara.
"Isn’t Asia de Cuba a little passé?" asked Tom, my veritable man about Soho. While Tom and I have different tastes in terms of style and fashion (it’s questionable whether we have any sense of either), I saw where he was coming from.